St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-06-26
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Inc Uull season III Iettl estate llldt Has
been so long anticipated is gradually
making its appearance as will be seen
by the slowly diminishing sales re-
ported. The sunrise is that it should
have becr"m so long delayed. The fact
tat the business has been so large, and
continued so far into the summer, shows
that many new people are coming into
town, and that there is more money
here for investment. Last year at this
time the sales ran along between
SS00,000 and 100000 per week.
Not week this summer have
they fallen to 81, 00O, coo and have run up
from that sum to s2,000,000. The indi-
cations are that the sales during 1887
will be at least three times as large as
those of 1886. No doubt the amount of
the transfers will continue to diminish
for the next few weeks. The season of
hot weather is approaching, when peo-
pie will not feel like buying and will
seek the lakes for quiet and
enjoyment and general relaxation.
Dealers do not look for much
business from this time forward
TO the middle or last of August. From
now till the date named very likely
sales will not average over 500, 600 each
day. The usual tirmneSS in the market
continues and prices for all kinds are
very fixed. The decrease in the amount
of sales is simply consent by all parties
to rest up little on business. Those
who are of the opinion that they can
buy property cheaper now than they
could when we were selling million
and half week, can very easily
demonstrate their mistake by going into
the market and trying their hand at
bearing it. Other than the above
there is really nothing to say
that has not often been said in
these columns. There is good healthy
inquiry in every part of the city, espe-
cially in West st. Paul, Midway and on
Dayton's bluff. This last named locality
is in many respects peculiar. Every
body in town knows of the value and
desirablenes of realty in West st. Paul
and Midway, but comparatively few
understand Dayton's bluff. This part
of the town seems to be kept all the
time behind curtain where it cannot
be seen. AT the same time it is
RAPIDLY GOING UP.
with a good class of people, many of
whom have not a great amount of
money, but a great deal of industry.
They are all in one way or another Sc
curing homes, which they are beautify-
ing and adjoining. There are thousands
of people in st. Paul to-day who have
no idea whatever of the vast improve
mentS that have been and now are being
made on DaytOn's bluff. Miles and
miles of streets are being graded, the
water works, gas mains and sewerage
system are5being extended for miles to
the East and North to such an extent
that ride of two hours over that bluff
will aStoniSh almost any citizen of st.
Paul. There is large, new city built
up on that bluff containing thousands
and thousands of inhabitants and mill
ions of dollars worth of valuable i'm
provementS. 1t is one of the most
picturesque portions of the city and
presents to those who desire to secure
homes most delightful location. Be
sides all this the property on this bluff
must necessarily largely and rapidly
advance in value. 1t is comparatively
low. now, and for years has been held
back for various reasons. The new
bridge and the street railway have
served to help very materially to open
up the country to settlement. The in
huence of the Dayton,s Bluff union has
also been very much felt over there for
the reason that it has taken upon itself
the matter of identifying and adjoining
the bluff, or some portions of it,
with boulevaFds, parks. etc. In this re-
Spect the Union has been vigorous and
energetic, and the whole bluff feels the
ulHuOllCO diiu ClItCb VI lGS WOIh. n
great deal is thought of the Midway dis
trict, and there will be, may be as it is,
the garden spot of the city. 1t must also
be remembered that there is an eastern
part of the city, and that in the direc-
lion of the east there has been devel-
oped during the year a disposition to
locate and build up the town. Lake
Phalen, Gladstone and North ST. Paul
are all beginning to make their influence
felt in this respect. Both Gladstone
and North st. Paul are growing very
rapidly, and efforts have been made to
put manufactures into both places at a
very rapid rate. The opinion is ex-
pressed by competent and experienced
real estate men that these two towns of
Gladstone and North ST. Paul together,
within two years will have $4,000 popu-
lation. This city of st. Paul is growing
toward the east with great rapidity,
very much greater than the people of
this town have any idea, and is pretty
nearly dividing the honors with Mid
way.